i) The financial statements have been prepared to comply with the
Accounting Standards referred to in section 133 and the relevant
provisions of The Companies Act, 2013 .The financial statements have
been prepared under the historical cost convention on accrual basis.
The accounting policies have been consistently applied by the Company
unless otherwise stated.

ii) All assets and liabilities are classified as current or non-current
as per the Company's normal operating cycle and other criteria set out
in Schedule III to the Companies Act, 2013. Based on the nature of
products and the time between the acquisition of assets for processing
and their realisation in cash and cash equivalents, 12 months has been
considered by the Company for the purpose of current/ non-current
classification of assets and liabilities.

(b) Recognition of Income and Expenditure

All revenues and expenditures are accounted for on accrual basis except
wherever stated otherwise.

(c) Investments

Current Investments are valued at acquisition cost or market value
whichever is lower. Non- Current investments (Long Term) are valued at
acquisition cost. Diminution in value of Non-Current investment is
provided only if such a diminution is other than temporary in the
opinion of the management

(d) Employee Benefits

i. Short term Employee Benefits

All employee benefits payable within twelve months of rendering the
service are classified as short term employee benefits. Benefits such
as salaries, wages etc. and the expected cost of bonus, exgratia,
incentives are recognized in the period during which the employee
renders the related service.

ii. Post-employment Benefits

(a) Defined Contribution Plans

State Government Provident Fund Scheme is a defined contribution plan.
The contribution paid/payable under the scheme is recognized in the
profit & loss account during the period during which the employee
renders the related service.

(b) Defined Benefit Plans

The employee Gratuity Fund Scheme managed by a trust is a defined
benefit plan. The present value of obligation under such defined
benefit plan is determined based on actuarial valuation under the
projected unit credit method which recognizes each period of service as
giving rise to additional unit of employees benefits entitlement and
measures each unit separately to build up the final obligation.

The obligation is measured at the present value of future cash flows.
The discount rates used for determining the present value of the
obligation under defined benefit plans is based on the market yields on
government securities as at balance sheet date, having maturity periods
approximated to the returns of related obligations.

Actuarial gains and losses are recognized immediately in the profit &
loss account.

In case of funded plans the fair value of the planned assets is reduced
from the gross obligation under the defined benefit plans to recognize
the obligation on net basis.

(c) The obligation for leave encashment is provided for and paid on
yearly basis.

(e) Borrowing Costs

Borrowing costs that are directly attributable to the acquisition of
assets are being capitalized as part of the cost of that asset up to
the date of such asset is ready for its intended use. All other
borrowing costs are charged to revenue in the period when they are
incurred.

(f) Taxation

i) Current Year Charge

Provision for Income-tax is ascertained on the basis of assessable
profits computed in accordance with the provisions of the Income-tax
Act, 1961.

ii) Deferred Tax

The company provides for deferred tax using the liability method, based
on the tax effect of timing difference resulting from the recognition
of items in the financial statements and in estimating its current
income tax provision subject to consideration of prudence. However, the
deferred tax benefits, if any, are recognised only when such benefits
are expected to be realisable in near future.

(g) Earnings per share

Earnings per share is calculated by dividing the net profit for the
year attributable to equity shareholders by the weighted average number
of equity shares outstanding during the year.

(h) Miscellaneous Expenditure

Preliminary expenditure/ share issue expenses are being written off
over a period of five years.

(i) Income from investments/Deposit

Income from investments is credited to revenue in the year in which it
accrues. Income is stated in full with the tax thereon being accounted
for Under Income tax deducted at source. Dividend income is booked,
when the owner's right to receive its investments payment in shares
established.

(j) Cash Flow Statement

Cash Flows are reported using the Indirect Method, whereby profit/
(loss) before extraordinary Items and tax is adjusted for the effects
of transaction of non-cash nature and deferrals or accruals of past or
future cash receipts or payments. The cash flows from operating,
investing and financing activities of the company are segregated based
on the available information.

(k) Contingent Liability

Contingent Liabilities, if material, are disclosed by way of notes.

(l) Other accounting policies are in accordance with generally accepted
accounting principles.

Mar 31, 2014

A) Basis of Accounting

The Financial Statements are prepared under the historical cost
convention and in accordance with the requirements of the Companies
Act, 1956 and the Accounting Standards as referred to in sub-section
(3C) of Section 211 of the Companies Act, 1956

b) Revenue Recognition

All revenues, costs, duties, assets & liabilities are accounted for on
accrual basis.

c) Taxation

i) Current Year Charge

Provision for Income - tax is ascertained on the basis of assessable
profits computed in accordance with the provisions of the Income-tax
Act, 1961.

ii) Deferred Tax

The company provides for deferred tax using the liability method, based
on the tax effect of timing difference resulting from the recognition
of items in the financial statements and in estimating its current
income tax provision.

d) Investments

Current Investment are valued at acquisition cost or market value
whichever is lower. Long term investments are valued at acquisition
cost. Diminution in value of long term investment is provided only if
such a diminution is other than temporary in the opinion of the
management.

e) Employees benefit :

(i) Short term Employee benefits

All employee benefits payable only within twelve months of rendering the
service are classifed as short term employee benefits. benefits such as
salaries, wages etc. and the expected cost of bonus, exgratia,
incentives are recognized in the period during which employee renders
the related service.

(ii) Post employment benefits

(A) Defined Contribution Plans

State Government Provident Fund Scheme is a Defined contribution plan.
The contribution paid/payable under the scheme is recognized in the
profit & loss account during the period during which the employee
renders the related service.

(B) Defined benefit Plans

The present value of obligation under such Defined benefit plan is
determined based on acturial valuation under the projected unit credit
method which recognises each period of service as giving rise to
additional unit of employees benefits entitlement and measures each unit
separately to build up the final obligation.

The obligation is measured at the present value of future cash flows.
Actuarial gains and losses are recognized immediately in the profit &
loss account.

(C) The Obligation for leave encashment is provided for and paid on
yearly basis.

f) Other accounting Policies are in accordance with generally accepted
accounting principles.

g) Borrowing Cost

Borrowing Cost that are directly attributable to the acquisition of
assets has been capitalized as part of the cost of the assets up to the
date of such asset is ready for its intended use. All other borrowing
cost are charged to revenue in the period when they are incurred.

h) Earnings per share

Earning per share is calculated by dividing the net profit for the year
attributable to equity shareholders by the weighted average number of
equity shares outstanding during the year.

i) Income from Investments /Deposits

Income from investments is credited to revenue in the year in which it
accrues. Income is stated in full with the tax thereon being accounted
for under Income tax deducted at source. Dividend Income is booked,
when the owner''s right to receive its investments payment in shares
established.